The Anonymous Widower

Bank Transfer Traceability

One thing that annoys me about on-line banking, is that when you pay a bill like a credit card, you often can’t trace it at both ends, as often the reference doesn’t appear for some days.  So now, I usually pay them making sure the last two digits are the day of the month. That way it becomes obvious, if the transfer has been made and what it was.

It really all comes down to the fact that banks do not provide full information on their statements. And when they’ve not got it, they don’t even give you a clue!

I would be ashamed if I’d designed such a poor system.

September 19, 2012 - Posted by | Computing, Finance | ,

3 Comments »

  1. I agree, but there are many other things that are wrong or missing from banking systems. One huge omission is the lack of multi-currency support. I want to hold GBP, USD, and Euros in one account, and I want to be able to transfer money at will from one currency to another. If I am paid or pay money it should be credited or debited automatically to the currency of the transaction. I have the stupidity of receiving Euros, the bank converting them at my expense to GBP, and then when I spend Euros, having the bank converting them back again, once more at my expense. I want my statements on-line to show the values in the currencies I hold them in, and I want to know the current GBP values and the total at today’s exchange rates. This seems like a simple thing for a computer to do, but no bank have have found can do it. Their systems all date back 20 years or more and they just tack on new front ends to make them look more up to date, but with little or no new functionality. Long live grumpy old men like me.

    Comment by John Wright | September 19, 2012 | Reply

    • The only person, who proposed something like that was John Major, who came up with a virtual euro, when he was Mrs. T’s Chancellor. After all the average guy with his greengrocery stall in Ridley Road Market, can work quite happily in apples, pears or oranges.

      Comment by AnonW | September 19, 2012 | Reply

  2. […] I transferred £9921.00, by following my rules, as it was the twenty-first when I did it. It went through without […]

    Pingback by Bank Transfer Problems « The Anonymous Widower | September 22, 2012 | Reply


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